Liberty Energy Inc. (LBRT) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Liberty Energy Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $65,679,000.00Depreciation, depletion, and amortization → Operating adjustments reconciliation: $228,272,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $40,801,000.00Stock-based compensation expense → Operating adjustments reconciliation: $17,999,000.00Deferred income tax expense → Operating adjustments reconciliation: $17,558,000.00Other non-cash items, net → Operating adjustments reconciliation: $2,795,000.00Inventories → Operating adjustments reconciliation: $2,526,000.00Prepaid and other assets → Operating adjustments reconciliation: $2,488,000.00Cash return on equity method investment → Operating adjustments reconciliation: $1,566,000.00Operating adjustments reconciliation → Net cash from operating activities: $75,763,000.00Operating adjustments reconciliation → Accounts receivable and unbilled revenue: $165,420,000.00Operating adjustments reconciliation → Gain on investments, net: $60,229,000.00Operating adjustments reconciliation → (Gain) loss on disposal of assets, net: $11,961,000.00Operating adjustments reconciliation → Initial payment of operating lease liability: $632,000.00Proceeds from issuance of convertible senior notes → financing reconciliation: $1,295,000,000.00Proceeds from borrowings on line-of-credit → financing reconciliation: $106,000,000.00Borrowings on long-term debt → financing reconciliation: $19,037,000.00financing reconciliation → Net cash from financing activities: $752,047,000.00financing reconciliation → Repayments of borrowings on line-of-credit: $336,000,000.00financing reconciliation → Purchase of capped calls related to convertible senior notes: $186,515,000.00financing reconciliation → Payments on finance lease obligations: $48,335,000.00financing reconciliation → Payments of debt issuance costs: $36,825,000.00financing reconciliation → Class A Common Stock dividends and dividend equivalents upon restricted stock vesting: $30,319,000.00financing reconciliation → Tax withholding on restricted stock units: $18,648,000.00financing reconciliation → Payments of payables pursuant to tax receivable agreements: $7,888,000.00financing reconciliation → Repayments of long-term debt: $3,460,000.00Net cash used in investing activities → investing reconciliation: $364,606,000.00Proceeds from sale of assets → investing reconciliation: $25,951,000.00investing reconciliation → Purchases of property and equipment and construction in-progress: $380,861,000.00investing reconciliation → Investment in equity securities: $9,696,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $27,554,000.00Net cash from operating activities → Cash sources and uses: $141,442,000.00Net cash from financing activities → Cash sources and uses: $752,047,000.00Cash sources and uses → Exchange-rate effect: $1,078,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $555,359,000.00Cash sources and uses → Net cash used in investing activities: $364,606,000.00Net income: $65,679,000.00Net income+$65.68 MDepreciation, depletion, and amortization: $228,272,000.00Depreciation, depletion & amort.+$228.27 M(Gain) loss on disposal of assets, net: -$11,961,000.00Asset disposal gain & loss−$11.96 MStock-based compensation expense: $17,999,000.00Stock-based compensation+$18.00 MGain on investments, net: -$60,229,000.00Investment gain & loss−$60.23 MCash return on equity method investment: $1,566,000.00Equity-method distributions+$1.57 MOther non-cash items, net: $2,795,000.00Other non-cash items+$2.80 MAccounts receivable and unbilled revenue: -$165,420,000.00Accounts receivable−$165.42 MAccounts receivable and unbilled revenue—related party: $0.00Inventories: $2,526,000.00Inventories+$2.53 MPrepaid and other assets: $2,488,000.00Prepaid & other assets+$2.49 MAccounts payable and accrued liabilities: $40,801,000.00Payables & accrued liabilities+$40.80 MAccounts payable and accrued liabilities—related party: $0.00Initial payment of operating lease liability: -$632,000.00Initial lease liability paid−$632.00 KDeferred income tax expense: $17,558,000.00Deferred income taxes+$17.56 MNet cash from operating activities: $141,442,000.00Operating cash+$141.44 MOperating adjustments reconciliation: $314,005,000.00Proceeds from issuance of convertible senior notes: $1,295,000,000.00Convertible notes issued+$1.30 BPurchase of capped calls related to convertible senior notes: -$186,515,000.00Capped call purchases−$186.52 MProceeds from borrowings on line-of-credit: $106,000,000.00Long-term credit line borrowings+$106.00 MRepayments of borrowings on line-of-credit: -$336,000,000.00Long-term credit line repayments−$336.00 MBorrowings on long-term debt: $19,037,000.00Other long-term debt issued+$19.04 MRepayments of long-term debt: -$3,460,000.00Long-term debt repaid−$3.46 MPayments of debt issuance costs: -$36,825,000.00Debt issuance costs−$36.83 MPayments on finance lease obligations: -$48,335,000.00Finance lease payments−$48.34 MClass A Common Stock dividends and dividend equivalents upon restricted stock vesting: -$30,319,000.00Dividends paid−$30.32 MPayments of payables pursuant to tax receivable agreements: -$7,888,000.00Tax receivable agreement paid−$7.89 MShare repurchases: $0.00Tax withholding on restricted stock units: -$18,648,000.00Restricted unit tax withholding−$18.65 MNet cash from financing activities: $752,047,000.00Financing cash+$752.05 Mfinancing reconciliation: $1,420,037,000.00Purchases of property and equipment and construction in-progress: -$380,861,000.00Capital expenditures−$380.86 MInvestment in equity securities: -$9,696,000.00Equity-method investments made−$9.70 MAcquisition of IMG Energy Solutions, net of cash received: $0.00Sales of equity securities: $0.00Proceeds from sale of assets: $25,951,000.00Asset sales+$25.95 MNet cash used in investing activities: -$364,606,000.00. Cash required to fund net payments.Investing cash−$364.61 Minvesting reconciliation: $390,557,000.00Cash sources and uses: $921,043,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $27,554,000.00Beginning cash$27.55 MEnding cash: Cash, cash equivalents, and restricted cash: $555,359,000.00Ending cash$555.36 MExchange-rate effect: -$1,078,000.00FX effect−$1.08 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$239.42 MOperating cash − cash spent on productive assetsCash flow / Net income2.15×Operating cash flow ÷ net incomeNet cash change+$527.81 MEnding cash − beginning cash
Chart details

Liberty Energy Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
27,554,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
141,442,000 US dollars. Net cash provided.
Net income
65,679,000 US dollars
Depreciation, depletion, and amortization
228,272,000 US dollars
(Gain) loss on disposal of assets, net
negative 11,961,000 US dollars
Stock-based compensation expense
17,999,000 US dollars
Gain on investments, net
negative 60,229,000 US dollars
Cash return on equity method investment
1,566,000 US dollars
Other non-cash items, net
2,795,000 US dollars
Accounts receivable and unbilled revenue
negative 165,420,000 US dollars
Accounts receivable and unbilled revenue—related party
0 US dollars
Inventories
2,526,000 US dollars
Prepaid and other assets
2,488,000 US dollars
Accounts payable and accrued liabilities
40,801,000 US dollars
Accounts payable and accrued liabilities—related party
0 US dollars
Initial payment of operating lease liability
negative 632,000 US dollars
Deferred income tax expense
17,558,000 US dollars
Investing activities
negative 364,606,000 US dollars. Net cash used.
Purchases of property and equipment and construction in-progress
negative 380,861,000 US dollars
Investment in equity securities
negative 9,696,000 US dollars
Acquisition of IMG Energy Solutions, net of cash received
0 US dollars
Sales of equity securities
0 US dollars
Proceeds from sale of assets
25,951,000 US dollars
Financing activities
752,047,000 US dollars. Net cash provided.
Proceeds from issuance of convertible senior notes
1,295,000,000 US dollars
Purchase of capped calls related to convertible senior notes
negative 186,515,000 US dollars
Proceeds from borrowings on line-of-credit
106,000,000 US dollars
Repayments of borrowings on line-of-credit
negative 336,000,000 US dollars
Borrowings on long-term debt
19,037,000 US dollars
Repayments of long-term debt
negative 3,460,000 US dollars
Payments of debt issuance costs
negative 36,825,000 US dollars
Payments on finance lease obligations
negative 48,335,000 US dollars
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting
negative 30,319,000 US dollars
Payments of payables pursuant to tax receivable agreements
negative 7,888,000 US dollars
Share repurchases
0 US dollars
Tax withholding on restricted stock units
negative 18,648,000 US dollars
Operating adjustment reconciliation
314,005,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,420,037,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
390,557,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,078,000 US dollars
Ending cash on Jun 30, 2026
555,359,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
921,043,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
527,805,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.15×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
141,442,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
380,861,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 239,419,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $75.76M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 141,442,000 US dollars minus 380,861,000 US dollars equals negative 239,419,000 US dollars.
Liberty Energy Inc. (LBRT) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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